He announced his decision via Twitter minutes after the NBA's moratorium on roster business lifted at midnight ET Thursday.
We the north... Here I come :)— Luis Scola (@LScola4) July 9, 2015
Scola averaged 9.4 points, 6.5 rebounds and 1.3 assists per game in 2014-15, and was a valuable asset for the Indiana Pacers off the bench. Scola proved to be durable, missing just one game over the past three regular seasons.
The 35-year-old is entering his ninth season in the NBA.
ESPN.com's Marc Stein and ESPNNewYork.com's Ian Begley contributed to this report.